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The Workout Options with Julia Iden
Manage episode 412326553 series 3538517
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Facing foreclosure can feel like standing on the edge of a cliff, but with the right guidance, there's a path back to solid ground. This week, Julia Iden from Advanced Mortgage Education joins us to illuminate that path, revealing the workout options that can either anchor you to your beloved home or provide a parachute for a controlled descent. We unravel everything from moratoriums and loan modifications to short sales and deeds in lieu, equipping you with the knowledge to navigate the stormy seas of financial hardship with confidence.
The specter of foreclosure doesn't have to spell doom—there's hope in the form of special forbearance plans and the stories of those who've walked through the fire before. Our candid conversation with Julia peels back the layers of these plans, including the COVID-19 forbearance, offering a glimpse at the real impact on credit and the intricacies of repayment. We also highlight crucial advice for real estate professionals to prevent any surprises during property sales, ensuring a smoother transition for all parties involved.
Lastly, we address the often-overlooked world of private mortgage insurance and the powerful strategy of mortgage assumption. With Julia's expertise, we dissect the possibilities that claim advances and assuming a loan can offer, presenting them as viable lifelines in challenging times. As we close this episode, we leave you with a message of perseverance and the reassurance that help is out there. Julia's parting wisdom? "Don't give up, there are people out here that can help you." And this episode is the first step in finding that assistance.
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Amy is a licensed Realtor in North Carolina. She is affiliated with Buy Homes with Rose LLC brokerage. This is not a solicitation to get a listing. This is a podcast to provide you with options for your situation.
7 episoade
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